Hazard Insurance

 The Mortgage U! Mortgage Education Made Easy

For all your mortgage needs:
Dave Zwierecki
Phone 888-418-4467

 Home  |  About Us  |  Calculator  |  Contact Us  |  News   |  Blog  |  Sitemap 


Hazard Insurance
It is important to the lender that you have insurance that protects against fire. This is called hazard insurance.

The payment to the insurance company for this insurance can be included in your mortgage payment every month.

The cost of hazard insurance will vary from company to company. If you already have one or more insurance policies with a company you should have them price your policy. It may be cheaper due to a "multi line" discount. If you have had a renter's policy in place, you may have earned some credits that can be transfered to your first years hazard insurance premium.

Many people interchange the term homeowners insurance with hazard insurace, and both terms typically refer to the same thing.

If you're not sure where to begin looking for insurance, ask your mortgage professional. They see what their clients are paying and may be able to recommend someone who is reasonably priced and easy to work with.

Home Owner's insurance is typically cheaper in suburban areas than in rural areas due to the proximity of fire hydrants and fire departments.

Usually, borrowers will be required to purchase one full year of homeowner's insurance up-front for purchase loans. The paid receipt will need to be faxed to the lender before the loan funds.

Homeowners insurance may be paid by the borrower on their own terms or it may be included in the mortgage payment, however the they prefer.


Contact Us
If you have any questions regarding our products, you can contact us by calling or e-mailing us and we'll get back to you as soon as possible. Thanks!

Current Address
City, State, Zip Code
Purchase/Refinance/Debt Consolidation


 Information listed above is to be used for educational purposes only and is not guaranteed

Home | Contact Us | News | About | Sitemap | Bad Credit | Homebuyer | Sitemap3 | Sitemap4 | Sitemap5 | Sitemap6 | Sitemap7 | FS Home Loan | No Money Down | First Security | Blog| Privacy Policy

Copyright 2007 First Security Financial Services, Inc.  All Rights Reserved... First Security Financial Services is a full service mortgage provider offering  mortgage educational tools in addition to hundreds of mortgage programs.                                                                                                                     Mortgage Broker | Hard Money | Lease-to-own purchase | Short Sale - What is it | For Sale By Owner Tips | Buying my first home